Manba Finance, the non-banking finance company (NBFC) that’s been helping people with two-wheelers, used cars, small business loans, and more, just dropped its Initial Public Offering (IPO) today, September 23. This IPO runs until Wednesday, September 25, and could be your ticket to some big gains. Let's dive into why this IPO is making waves and whether it's worth your investment.
The Key Deets You Gotta Know 💡
Manba Finance is offering shares priced between ₹114 and ₹120 each, and you can apply for a minimum of 125 shares (or multiples of that). The total value of the IPO? A cool ₹150.84 crore. The fresh share sale will see 1,25,70,000 equity shares up for grabs, and the money raised will help beef up the company’s capital to meet future needs. 📈💼
Who’s Already Investing? 💰
Before we could even blink, Manba Finance raised ₹45.25 crore from some major institutional investors like Chartered Finance & Leasing, Finavenue Capital Trust, and more! These heavy hitters grabbed 37.71 lakh equity shares at ₹120 apiece. If the pros are diving in, you know something’s brewing. 👀
Manba’s Game Plan 🎯
Founded in 1998, Manba Finance has been a go-to for financial solutions, offering loans on new two-wheelers (2Ws), three-wheelers (3Ws), electric vehicles (EVs), and more. They’ve got a strong presence in places like Maharashtra, Gujarat, Rajasthan, and other states with a network of over 1,100 dealers — and that includes 190+ EV dealers. This company’s in it for the long haul, with deep roots in urban, semi-urban, and even rural areas.
Who Gets What? 🧐
The IPO allocation is split like this:
- 50% of shares are reserved for qualified institutional buyers (QIBs). 📈
- 15% is set aside for non-institutional investors (NIIs). 💼
- 35% is earmarked for retail investors like you and me. 💸
Performance So Far: Is It Looking Good? 📊
Manba Finance reported some pretty decent numbers. For the financial year 2024, they pulled in a net profit of ₹31.42 crore with a total revenue of ₹191.63 crore. In comparison, for the year ended March 2023, they had a net profit of ₹16.58 crore with revenue of ₹133.32 crore. Talk about growth! 🚀 Their total market cap now stands at ₹602.87 crore.
The Expert Breakdown: Should You Subscribe? 🤷♂️
Several brokerage firms have shared their take on the Manba Finance IPO, and here’s what they’re saying:
- Nirmal Bang Securities – ⭐️ Subscribe
Manba’s focus on 2Ws has kept them strong, even post-Covid. They’ve managed to grow their AUM at 37% over FY22-24, with attractive valuations compared to peers. Definitely a go for long-term gains! 📈 - Arihant Capital Markets – 🔥 Subscribe for Listing Gains
With plans to expand into 66 locations across 6 states and a big push into the EV market, Arihant says this is one to watch. Perfect for those looking to make a quick buck. 💸 - SMIFS – 🧐 Subscribe with Caution
While Manba is small, it has strong growth potential. SMIFS recommends this IPO for investors who are willing to take on some risk, but only if you’re in it for the long run. 🕰️ - Swastika Investmart – ⚠️ Subscribe with Caution
Strong growth in revenue and profit, but the IPO is fully priced. If you’ve got a high-risk appetite, you might want to take the plunge — just be mindful of market volatility. 🎢 - StoxBox – ✅ Subscribe for the Medium to Long-Term
Manba’s focus on customer satisfaction and innovative products makes this IPO a solid medium-to-long-term investment. Fairly priced and ready for expansion, this one’s a yes. 🚀 - Canara Bank Securities – 💼 Subscribe for the Long Term
They see Manba Finance as a strategic player expanding beyond 2W financing. The company’s focus on tech and customer satisfaction, along with solid financial performance, makes this a solid pick for long-term growth. 💪 - Marwadi Financial Services – 🌟 Subscribe
They highlight the reasonable valuation and Manba’s ability to tap into underpenetrated markets. Definitely worth considering. 💰
Final Thoughts: Is Manba Finance Worth It? 🤔
Manba Finance is making some serious moves in the finance world, with a major focus on EVs, small business loans, and expansion across India. They’ve shown strong growth numbers, and the IPO is fairly priced when compared to competitors. However, if you’re risk-averse, be cautious — the company is still small, and market volatility could play a role.
For those willing to take a calculated risk, this IPO could offer solid returns in both the short and long term. 🔥 With brokerage firms mostly giving a thumbs-up, Manba Finance’s IPO is worth keeping on your radar.
Stay tuned for more updates as Manba Finance makes its official debut on September 30 on the BSE and NSE. 💸
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